A New Chapter in the Partnership between the World Bank Group and Togo
Adoption of a new strategy, access to the prevention and resilience window, and financing of new innovative projects to increase access to electricity, improve public service delivery, and social cohesion. WASHINGTON, USA, 24 May 2024 -/African Media Agency(AMA)/The World Bank Group (WBG) today endorsed a new Country Partnership Framework (CPF) for Togo, granted a special waiver for […]
Ruto and Biden Talk Investments in Green Energy, Education and Health Manufacturing
The two countries launched the Nairobi-Washington Vision, a call to the international community to help debt-laden countries like Kenya manage debt while investing in economic growth. It calls on international financial institutions to provide coordinated packages of support and on creditor countries to provide forms of debt relief. The U.S. will soon make available lending […]
This Local Figure is Campaigning to Promote Entrepreneurship among Djiboutian Women
A key figure in Djibouti’s private sector, businesswoman Hibo Bacha draws inspiration from her travels to the four corners of the world to develop ideas for her country. In 20 years, she has built a small family empire of six businesses, including a hairdressing salon (Hollywood Beauty Center, created in 2000), a travel agency (Bacha […]
African Countries Need Robust Strategies for the Critical Minerals Sector
According to the 2023 Critical Minerals Market Review by the International Energy Agency, demand for lithium, for example, tripled from 2017 to 2022. Similarly, the critical minerals market doubled in five years, reaching US$320 billion in 2022. The demand for these metals is projected to increase sharply, more than doubling by 2030 and quadrupling by […]
Ivory Coast to Introduce a New Certification and Traceability System for Cocoa
It is part of measures aimed at curbing fraud related to fairtrade certified cocoa contracts, its managing director, Yves Brahima Kone, said on Thursday. The Coffee and Cocoa Council (CCC) suspended sales of fairtrade certified contracts last month after recording an exponential increase in certified cocoa. “This year, we have found that 97% of our […]
Even Africa’s Wealthiest Man has Trouble Traveling in His Own Continent
Despite doing business in multiple countries, Nigerian-born Aliko Dangote complains he faces far more hurdles crossing Africa than visitors with European passports ever do. “As an investor, as someone who wants to make Africa great, I have to apply for 35 different visas on my passport,” Dangote told the recent Africa CEO Forum in Kigali. […]
Top Five Most Popular Destinations for Important Meetings in 2023
The International Congress and Convention Association (ICCA) has released its 2024 ranking for the most popular destination for important meetings in 2023. The ranking, released on May 13, 2024, recognised South Africa as the most popular destination for important meetings in 2023.South Africa emerged as leader, followed by Rwanda, Kenya, Egypt, and Uganda as the […]
Exim Accused of Not Executing its Mandate in Africa
A scathing evaluation of the US Export-Import bank’s uneven approach to supporting US trade with sub-Saharan Africa has put its management on the backfoot. It comes as the bank scrambles to make the opposite case with a slew of recent deal announcements. The report from Office of the Inspector General said the export credit agency […]
Anglo Rejected a Third Attempt by BHP
Several of Anglo American Plc’s biggest shareholders say they support the company’s efforts to persuade BHP Group to change the structure of its takeover proposal or compensate for the risks it presents, before accepting any offer. BHP has one week to convince its target of the value of its $49 billion acquisition plan, after Anglo […]
Nigerian Fintech Suffers Another Cyber Attack
One month after obtaining a court order to recover $24 million lost to unauthorised POS transactions, Flutterwave suffered another security breach that allowed unknown persons to divert billions of naira to several bank accounts. The perpetrators illegally transferred $7 million to several accounts in April 2024, one financial services insider with direct knowledge of the […]
